Imagination at work.

GE 2016 third quarter performance

Financial results & Company highlightsOctober 21, 2016

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NON-GAAP FINANCIAL MEASURES:In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are posted to the investor relations section of our website at www.ge.com. We use non-GAAP financial measures including the following. • Operating earnings and EPS, which is earnings from continuing operations excluding non-service-related pension costs of our principal pension plans.• GE Industrial operating & Verticals earnings and EPS, which is operating earnings of our industrial businesses and the GE Capital businesses that we expect to retain.• Industrial segment organic revenue, which is the sum of revenue from all of our industrial segments less the effects of acquisitions/dispositions and currency exchange. • Industrial segment organic operating profit, which is the sum of segment profit from all of our industrial segments less the effects of acquisitions/dispositions and currency exchange. • Industrial cash flows from operating activities (Industrial CFOA), which is GE’s cash flow from operating activities excluding dividends received from GE Capital.• Capital ending net investment (ENI), excluding liquidity, which is a measure we use to measure the size of our Capital segment.

General Electric Capital Corporation (GECC) was merged into GE in 2015 and our financial services business is now operated by GE Capital Global Holdings LLC (GECGH). In this document, we refer to GECC and GECGH as “GE Capital”. We refer to the industrial businesses of the Company including GE Capital on an equity basis as “GE”. “GE (ex-GE Capital)” and /or “Industrial” refer to GE excluding GE Capital.

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2

Grow Industrial profit-b) (4)% +1%

Organic revenue growth 0%

Margin expansion ex. Alstom - bps. +30

Alstom EPS ~$.05 $.01 $.02

Segment FX impact $(.04)

Disciplined/balanced capital allocation

CFOA-c) $19.4B

Capital dividends $16.1B

FCF + dispositions-c) $21.5B

Cash to investors $24.6B

Portfolio actions $193B GE Capital signings

GE Asset Management closed

Announced additive & LM acquisitions

Closed Meridium acquisition

3Q’16 overviewEnvironment

3Q YTD2016 Goals

Execution versus goals

Slow growth and volatile environment

Challenges continue in resource sector

GE executing well:

Industrial operating + Verticals-a) EPS $.32,

+10% with Industrial +8%

Alstom $.01 EPS in 3Q

Segment FX EPS impact of $(.01) in 3Q and

$(.04) 3Q YTD

Industrial margins-b) ex. Alstom (20) bps. …

segments margins flat, +40 bps. ex. FX

CFOA YTD $19.4B-c) … $3.4B-c) Industrial

CFOA + $16.1B GE Capital dividend

(a- Verticals include businesses expected to be retained including allocated corporate costs (b- Excluding gains and restructuring & other items(c- Deal taxes are excluded from CFOA and included in dispositions

OrganicReported

Orders

Segment revenue

Segment op profit

Industrial op profit-b)

16%

4%

(5)%

(6)%

(6)%

1%

(3)%/0%

(4)%/0%

Industrial

+4% ex. O&G

ex. FX

ex. FX

Ex. FX

bps.

+$2B in October

TY ~$30B, +$4B

organic

3

3Q’16 orders $26.9B, 16% … (6)% organic

Orders (V%) Backlog Orders price

Equipment 24% -%

Services 9 10

Total 16% 5%

Organic (6)% (10)%

3Q YTD

Equip.

Services 195226 228 233 234

7189 88 86 85

'14 '15 1Q'16 2Q'16 3Q'16

$266

$315 $316 $320

O&G Av. Trans.HC ECPower Ren.

1.0%

(0.9)%

(2.3)%

-%0.6%

(1.7)%

-%

Total orders price (0.4)%

Alstom backlog +$3.2B since acquisition

$319

Company highlights

Organic orders (6)% … backlog strong at $319B

Alstom orders $5.2B with strength across the board

Services orders +1% organically, +1% YTD

Strength in services across Renewables, Aviation & Healthcare

Backlog +6% ex. Alstom … ~8,500 LEAP units and 33 H units in backlog

Digital highlights

AGPs on track for 135-150 for the year … 4Q stronger

Digital & software orders up 11% ... Power +72%, Grid +43%, Transportation +21% & O&G +10%

Digital & software revenues up 13%

219 partners on Predix … 16K developers

$509MM digital thread productivity 3Q YTD

4

Industrial segment execution

Organic revenue dynamics

(a- Excluding Alstom

(b- Industrial includes Corporate with the exception of non-operating pension, gains and restructuring & other

Segment gross margins-a)

+150 bps.

Segment OP margins-a)

Mix (0.2) pts. - pts.

Value gap (price/inflation) 0.5 0.3

Cost productivity 1.2 0.4

Gross Margins-a) 1.5 pts. 0.7 pts.

Simplification (SG&A) (0.1) -

Base inflation/other (1.4) (1.0)

Op Profit Margins-a) - pts. (0.3) pts.

Alstom (1.5) (1.4)

Op Profit Margins (1.5) pts. (1.7) pts.

3QSegment OP margins

29.0%

3Q

Industrial-b)

OP margins-a)

YTD

27.5%

+70 bps.

15.3%

3Q YTD

14.1%

- bps.

17.3%

3Q YTD

15.8%

(30) bps.(20) bps.

- bps.

+0.7pts. ex. FX

Segment equipment (340) bps.-a), Services +220 bps.-a)

YTD

Total w/ Alstom

27.8% 26.6% 14.0% 12.8%15.8% 14.4%

+0.1pts.ex. FX

+1.1pts. ex. FX

+0.4 pts.ex. FX

Revenue growth

3Q reported

4%

3Q organic

1%

+0 pts.

FX Disp. Alstom

+9 pts. (12) pts.

Segments (ex. O&G)

Oil & Gas

Total

4%

(20)%

0%

~6%

~(10)%

~4%

~4%

(15-20)%

0-2%

YTD 4QE TYE

Strong underlying performance … segments organic revenue +6% in 3Q

and +4% YTD excluding O&G

+6% ex. O&G

5

Investment impacts

Alstom

• Backlog of $32B, up $3.2B since acquisition

• Key 3Q orders: $1.1B Hinkley Point, $0.6B Merkurfor 66 offshore wind turbines

• 3Q YTD EPS $.01 including $(.01) FX headwind

• Synergy benefits $850MM YTD … evaluating additional 4Q restructuring opportunities

• Goodwill +$2.4B driven by unfavorable customer contracts, legal reserves, and tax

Orders

$12.7B

Revenue

$9.2B

Segment op profit

$0.3B

EPS

$.01

(3Q YTD financials)

$1.65B-c)

• Blades important component to drive performance

• GE ~45% of LM sales … margin recapture oppty.

• Adds supply chain capacity and flexibility

• ~$.01 EPS accretive in 2018

Economics in line with deal model … continue to expect mid-teens return

• Acquired a global leader in asset performance management (APM) software and services for asset-intensive industries

• Strengthens connection between real-time asset performance & reliability-centered maintenance

$0.5B -b)

(a- Subject to successful completion of tender offers

(b- Total enterprise value inclusive of original investment made in July 2014

(c- Subject to customary closing conditions

• Expands design envelope to substantially reduce product cost

• Enables productive new model for services cost and delivery

• Enter a fast-growing industry where GE can build a competitive position

$.02 ex. FX

Additive-a)

$1.4B

6

Generating cash($ in billions)

(a-Including deal taxes: FCF $16.3B, Industrial FCF $0.2B

FCF + dispositions

Buyback + dividend

$28-31B

$26B

$32B+

~$30B

Framework Today

Ind’l FCF ex. deal taxes

Total

Beginning balance 1/1/16 $10.4

CFOA ex. deal taxes 19.4

Dividends (6.4)

Net P&E (2.1)

Acquisitions (0.9)

Dispositions incl. deal taxes 4.2

Buyback (18.1)

Change in debt/FX/other 4.2

September 2016 $10.6

GE cash balance walkV%3QYTD CFOA

2015 2016

F

$4.3

6.10.5

$6.5

$18.3

16.1

(45)%

FCF ex. deal taxes F$17.3-a)

Industrial ex. deal taxes

GE Capitaldividend

$3.9 (67)%$1.3-a)

3.4UDeal taxes (1.1)

~$5B

~$3B

~$1B

+$2B in Oct .

Ind’l FCF ex. deal taxes

Ind’l CFOA ex. deal taxes $2.6

$1.9

$2.9

$2.2

13%

17%

4Q Industrial CFOA dynamics

4Q income + depreciation & amortization

Working capital reduction from 4Q shipments

Other timing differences

3Q

7

Revenues $29.3 4%

– Industrial-a) 26.7 5

– Verticals-b) 2.5 (3)

– Other Capital-c) 0.1 30

Industrial + Verticals EPS .32 10

Operating EPS .27 13

Continuing EPS .23 21

Net EPS .22 (12)

CFOA YTD $18.3 F

- Industrial CFOA ex. deal taxes 3.4 (45)

Consolidated tax rate 1% 7%

– GE (ex. Capital) 11 17

– Capital F 64

3Q’16 consolidated results

3Q’16 V%

Power $6,506 37% $1,197 12% 3%

Renewable Energy 2,770 66 202 16 22%

Oil & Gas 2,964 (25) 353 (42)

Aviation 6,300 5 1,494 10

Healthcare 4,482 5 717 10

Transportation 1,249 (22) 309 (18)

EC & Lighting 3,151 (22) 48 (84) U

Industrial Segments 27,421 4/1 4,320 (5)/(3) (8)%

Corporate-d) (963) (8) (538) (3)

Industrial-d) $26,457 4% $3,782 (6)/(4)%

Op profitRevenues

$ V% $ V%

($ in billions – except EPS)

3Q’16

($ in millions)

Organic

3Q’15

(a- Includes GE-GE Capital eliminations(b- Verticals include businesses expected to be retained including allocated corporate costs

Organic

ex. Alstom

Organic

(c- Other Capital includes HQ run-off & exit-related items(d- Excludes gains and restructuring & other items

Industrial operating

Capital Verticals-b)

3Q’16 V%

$.27 8%.05 67%

Industrial + Verticals EPS

$.32 10%

3QYTD V%

$.88 29%.15 25%

$1.03 29%

flatex. FX

8

3Q’16 Industrial other items

EPSEPS

Restructuring & other items

$(.05) $(0.7)B pre-tax, $(0.5)B after-tax at Corporate including Alstom cost synergy investments

Net gains $.02 $0.2B pre-tax, $0.1B after-tax at Corporate with Asset Management gain partially offset by charge related to Aviation non-strategic platform exit

Gains = restructuring for the year

Summary

Restructuring & other items

Total

Net gains

4QE

~$(.05)

~$(.03)

~$.02

3Q YTD

$(.19)

$.03

$.22

2016E

~$(.24)

~$-

~$.24

Gains and restructuring & other items after-tax impacts are based on estimated transactional tax rates

9

($ in millions)

Industrial segments

Good quarter … businesses delivering

Power

Revenues $6,506 37% 7%

Segment profit $1,197 12% 3%

Op profit % 18.4% (4.2) pts. (0.7) pts.

$ V%3Q’16

Renewable Energy

3Q dynamics

• $7.5B orders, +56% reported … core (3)% with

equipment flat and services (4)%; Alstom

orders $2.8B

• Revenue … core equipment +15% driven by

GPS +16%; core services +2% driven by Power

Services +4%

• Core segment profit +3% … higher volume and

positive value gap partially offset by H mix

3Q dynamics

• $3.0B orders, +59% ... core +3% on higher

service orders, partially offset by lower onshore

wind units, 229 versus prior year

• Revenue … core +43% driven by higher WT

shipments and mix shift to larger MW units

• Core segment profit +22% on higher volume;

margins (1.5) pts. driven by NPI launch costs,

mix, and foreign exchange

V%ex. Alstom

Revenues $2,770 66% 43%

Segment profit $202 16% 22%

Op profit % 7.3% (3.1) pts. (1.5) pts.

$ V%3Q’16 V%ex. Alstom

10

Industrial segments($ in millions)

Oil & Gas

3Q dynamics

3Q’16

Revenues $2,964 (25)%

Segment profit $353 (42)%

Op profit % 11.9% (3.6) pts.

$ V%

Market pressure continues

• $2.5B orders, (21)% with pressure across all

segments … SS&D (23)%, Surface (16)%, DTS

(11)%, TMS (38)%, Digital Solutions (2)%

• Revenue (25)% … Surface (37)%, Subsea &

Drilling (39)%, TMS (29)%, DTS +7%, DS (3)%

• Segment margin (360) bps. as cost-out actions

were more than offset by volume decline

Aviation

Executing strategy

Revenues $6,300 5%

Segment profit $1,494 10%

Op profit % 23.7% 1.2 pts.

• $6.2B orders, (6)% … equipment (27)% on

fewer commercial engines; services +10%

with spares +6% … $156B backlog, +10% VPY

• Revenue … equipment (3)% driven by lower

Military (33)% partially offset by commercial

+5%; services +12%

• Segment profit +10% on productivity &

service volume … margins +120 bps.

3Q dynamics

$ V%3Q’16

11

Industrial segments

Healthcare … strong performance year-to-date

Transportation … challenging market

($ in millions)

Healthcare Transportation

• $0.7B orders, (21)% with equipment (23)% and services (21)% on lower locomotive parts and mining orders

• Revenue (22)%, (17)% organically with equipment (22)% on lower locomotive shipments and services (13)%

• Segment profit (18)% driven by lower volume partially offset by cost out

3Q dynamics

Revenues $4,482 5%

Segment profit $717 10%

Op profit % 16.0% 0.7 pts.

• $4.8B orders, +6% organically with U.S. +5%, Europe +6%, APAC +10%

• Revenue +5% with HCS +4% and Life Sciences +9%, +11% organically

• Segment profit +10% driven by strong volume growth and cost productivity partially offset by price … margins expanded 70 bps.

3Q dynamics

$ V%3Q’16

Revenues $1,249 (22)%

Segment profit $309 (18)%

Op profit % 24.7% 0.9 pts.

$ V%3Q’16

12

Segments($ in millions)

Energy Connections & Lighting … challenging quarter

Capital … $18B dividend paid October year-to-date

Energy Connections & Lighting

• $3.0B orders, +47% … EC (14)% organically with Power Conversion (33)% on softer oil & gas and Industrial Solutions +6%; Grid $1.4B

• Revenue: EC core organic (9)%, Grid $1.4B; Lighting revenue (8)% with Current +10% and legacy Lighting (22)%

• Segment profit … strong Grid earnings offset by headwinds in Power Conversion and Lighting

3Q dynamics

3Q’16

Revenues $3,151 (22)% (9)%

Segment profit $48 (84)% U

Op profit % 1.5% (5.7) pts. (5.6) pts.

$ V% V%Organic

(a- Enabled orders include deals arranged by GE Capital and financed by third parties(b- Liquidity includes cash & equivalents (including discontinued operations and held for sale balances) and high quality investmentsNote: Individual amounts are rounded. As a result, the sum of the parts presented may not add to the total

GE Capital

• GE Store: enabled $4.2B of industrial orders-a)

• $79B ENI ex. liq. ($103B w/ Disc. Ops.); $57B liquidity-b)

• Other Continuing includes excess interest,

restructuring, operating expenses, taxes

• $18B dividend YTD including $2B in October

Verticals $466

Other Continuing (441)

Capital $26

Disc. Ops. (103)

GE Capital $(78)

3Q’16 earnings/(loss)

13

2016 operating framework

Operating EPS-a) $1.45-1.55 $1.48-1.52- Organic growth 2-4% 0-2%

- Core margins + +- Corporate $2.0-2.2B ~$2.0B- Alstom ~$.05 ~$.05 ex. FX- FX impact ~$(.02) $(.04)-(.06)

Free cash flow + dispositions $28-31B $32B+- CFOA-b) $30-32B $32B+- GE Capital dividends ~$18B ~$20B- Dispositions-b) $2-3B ~$4B- Net P&E ~$4B ~$4B

Cash returned to investors ~$26B ~$30B- Dividend ~$8B ~$8B- Buyback ~$18B ~$22B

1

2

3

(a- Industrial + Verticals

(b- Deal taxes are excluded from CFOA and included in dispositions

Dec. ‘15 Today

14

‒ More challenging environment for Oil & Gas and related

markets … still positive on long-term outlook

+ Sustained performance in rest of GE … Industrial organic op

profit +8% YTD, ex. FX and Oil & Gas

Alstom on track for 2017 and 2018

+ Buyback above plan

+ Deeper cost out view on supply chain, programs, and

Corporate structure

All compensation plans tied to investor commitments

The bridge to 2018